Kathmandu says July cold snap boosted sales, earnings; shares jump

Thu, 31 Jul 2014

By Tina Morrison Aug. 1 (BusinessDesk) - Kathmandu Holdings says a cold snap last month in Australia and New Zealand helped generate more sales than anticipated when the outdoor apparel and equipment retailer announced a profit warning in June. The shares rose 5.1 percent. The Christchurch-based company said earnings before interest and tax was $62.5 million to $65.5 million in the year ended July 31, from $63.4 million the year earlier. That would be between a decline of 1.4 percent and a gain of 3.3 percent from the year earlier, an imp...

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